$1.23 Billion in Sales Expected for Marathon Oil Co. (MRO) This Quarter

Equities analysts expect Marathon Oil Co. (NYSE:MRO) to post $1.23 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Marathon Oil’s earnings, with the highest sales estimate coming in at $1.32 billion and the lowest estimate coming in at $1.16 billion. Marathon Oil reported sales of $1.73 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 28.9%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, May 1st.

According to Zacks, analysts expect that Marathon Oil will report full year sales of $5.62 billion for the current year, with estimates ranging from $5.38 billion to $6.05 billion. For the next financial year, analysts expect that the firm will post sales of $6.27 billion, with estimates ranging from $5.55 billion to $8.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Marathon Oil.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, February 13th. The oil and gas producer reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Marathon Oil had a net margin of 16.65% and a return on equity of 4.97%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 27.7% on a year-over-year basis.

A number of analysts recently issued reports on MRO shares. Citigroup raised shares of Marathon Oil from a “neutral” rating to a “buy” rating in a report on Friday, December 21st. Raymond James reissued a “buy” rating and set a $24.00 price target on shares of Marathon Oil in a report on Monday, December 24th. Capital One Financial downgraded shares of Marathon Oil from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 9th. Barclays set a $23.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a report on Wednesday, January 16th. Finally, Morgan Stanley set a $20.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a report on Tuesday, January 29th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Marathon Oil presently has a consensus rating of “Buy” and a consensus target price of $23.27.

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC raised its holdings in shares of Marathon Oil by 17.2% in the 3rd quarter. LPL Financial LLC now owns 126,969 shares of the oil and gas producer’s stock worth $2,956,000 after purchasing an additional 18,650 shares during the period. Pacer Advisors Inc. raised its holdings in Marathon Oil by 43.0% during the 3rd quarter. Pacer Advisors Inc. now owns 55,985 shares of the oil and gas producer’s stock valued at $1,303,000 after acquiring an additional 16,824 shares during the period. Vident Investment Advisory LLC raised its holdings in Marathon Oil by 85.0% during the 3rd quarter. Vident Investment Advisory LLC now owns 66,428 shares of the oil and gas producer’s stock valued at $1,547,000 after acquiring an additional 30,516 shares during the period. Man Group plc raised its holdings in Marathon Oil by 75.1% during the 3rd quarter. Man Group plc now owns 401,676 shares of the oil and gas producer’s stock valued at $9,351,000 after acquiring an additional 172,288 shares during the period. Finally, Vectors Research Management LLC bought a new stake in Marathon Oil during the 3rd quarter valued at $125,000. Institutional investors own 81.63% of the company’s stock.

NYSE MRO traded down $0.12 during mid-day trading on Monday, reaching $17.62. 9,068,989 shares of the stock were exchanged, compared to its average volume of 11,733,698. Marathon Oil has a 1 year low of $12.57 and a 1 year high of $24.20. The company has a market capitalization of $14.44 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 3.35 and a beta of 2.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 1.59.

Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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